Taxation

  • Highlights of Union Budget 2014-15 July 10, 2014

    New Delhi: Finance Minister Mr Arun Jaitley in the Budget 2014-15 salaried class tax breaks and increased the range of savings. Special focus on women and children's facilities, the construction of world-class cities, and welfare of senior citizens. Here are the highlights of the budget presented by Finance Minister...
  • Budget 2014: Jaitley keeps rules of Retrospective Taxation unchanged July 10, 2014

    New Delhi: Finance Minister Arun Jaitley on Thursday assured that the government will not change ruled on retrospective Taxation. Delivering the Budget for the Fiscal Year 2014-15, he said that the retro tax amendment will be undertaken with extreme caution. Jaitley said that all fresh cases arising out of the 2012...
  • 'Cars taxed more than cigarettes in India' May 9, 2014

    Chandigarh: Car major Honda Cars India said there is a "high" incidence of taxes on automobile sector, saying "cars are more taxed than cigarettes" in the country. "Today if you look at incidence of taxes on car whether it is excise duty, CST, calamity tax, education cess, VAT, road tax... if...
  • 10 commandments of successful investing April 9, 2014

    Let me unveil the 10 commandments of successful investing today. These commandments strictly followed can make you a successful investor; make you richer. The successful legendary investors like Benjamin Graham, Warren Buffet have followed these principles, so why not you? 1. Decide your investment strategy and stick to it An investor may...
  • Punjab Assembly passes 16 Bills in absence of Congress MLAs March 26, 2013

    Chandigarh: Punjab Assembly on Monday passed 16 bills, including Punjab Motor Vehicles Taxation (Amendment) Bill 2013 and Punjab Contract Farming Bill 2013 before the House was adjourned sine die. Meanwhile, the opposition party Congress on Monday continued to boycott the assembly proceedings of the Budget session in protest against the...
  • Revised tax deal will benifit both India, Mauritius: President March 12, 2013

    Port Louis (Mar): India and Mauritius are jointly working to find out a mutually acceptable and beneficial outcome on the Comprehensive Double Taxation Avoidance Agreement (DTAA) which will be a "win-win" situation for both, President Pranab Mukherjee has said. Mukherjee, who is here on a three-day visit, said the Double...
  • We have dispelled the atmosphere of gloom, doom: PM November 11, 2012

    Mumbai: Prime Minister Manmohan Singh on Saturday said the government has dispelled the atmosphere of 'gloom and doom' and will soon announce steps to stave off investors' fears ensuing from taxation measures like anti-tax avoidance rule and retrospective tax amendments. "We have dispelled gloom and doom, improved the climate for...
  • Decisions on taxation issues soon, says PM November 10, 2012

    Mumbai: Prime Minister Manmohan Singh on Saturday said the government has dispelled the atmosphere of 'gloom and doom' and will soon announce steps to stave off investors' fears ensuing from taxations measures like anti-tax avoidance rule and retrospective tax amendments. "We have dispelled gloom and doom, improved the climate for...
  • Working towards bringing in the GST: P Chidambaram November 8, 2012

    New Delhi: Finance Minister P Chidambaram on Thursday said that the Centre will soon bring in a major change in the taxation system in the country. Speaking to reporters, Chidambaram said, "We are moving towards bringing a major change in the taxation system in the country. We are working on...
  • Vodafone willing to discuss tax demand September 21, 2012

    New Delhi: Britain-based telecom service provider Vodafone on Thursday said it was willing to discuss a tax demand of Rs 11,000 crore but remained non-commital on paying a lesser amount if the interest and penalty are waived. "I don't know," Analjit Singh, non-executive chairman, Vodafone India, told reporters after a meeting...
  • Bangalore: Mall mania mauls traffic space July 10, 2012

    Bangalore: When Bangalore decided to catch up with the much delayed imitation of the mall culture in 2004 (with Forum Mall), the city went into a frenzy. Having got the taste of it, now, the culture is no more a craze, but more of a pain for surrounding residents and...
  • Ready to revise tax treaty with India: Mauritius July 6, 2012

    New Delhi: Mauritius on Friday expressed its readiness to expeditiously revise the tax treaty with India to check tax evasion but asserted that domestic laws should not have precedence over the provisions of the bilateral pact. "We want earlier resolution because we do not want uncertainty, as instability and uncertainty is...
  • No amnesty scheme to recover black money: Moily February 10, 2012

    Bangalore: The Government on Friday said an amnesty scheme for bringing back black money is not on the cards though it is working on regulatory mechanisms to eliminate its root cause in the face of "lots of legal impediments" to target those funds stashed abroad. Asked if there is a move...
  • Indo-Mauritius talks stuck; govt eyeing other options February 9, 2012

    New Delhi: There has been no headway in the Indo-Mauritius talks on the double taxation avoidance agreement (DTAA) as of yet. Government sources indicate that Mauritius is unwilling to allow taxation of capital gains as it feels the move will impact the country's economy. India was keen that investment from Mauritius...
  • A salve for a taxing moment: The Vodafone story February 7, 2012

    The court hearings had gone on through all of August. On September 8, 2010, the Bombay High Court was packed to the rafters with newspaper reporters of all hues. There was a battery of lawyers representing the Government of India and telecom giant Vodafone. There were two judges who had...
  • India, Nepal to sign taxation accord November 26, 2011

    New Delhi: India and Nepal will sign a new agreement for avoiding double taxation between the two countries when Finance Minister Pranab Mukherjee visits Kathmandu on Sunday. The treaty will replace the 1987 accord. Indian Foreign Secretary Ranjan Mathai is already in Kathmandu from Saturday ahead of the agreement signing to...
  • Govt taking action on funds stashed abroad: FM August 2, 2011

    New Delhi: The government has received information about Indians having accounts in Swiss banks and is taking appropriate action to bring back funds stashed abroad, Parliament was informed on Tuesday. "We have received some information with regard to some deposits in Swiss Bank", Finance Minister Pranab Mukherjee told the Rajya Sabha. "Whenever...
  • Axe the Tax: CNN-IBN meets Pranab Mukherjee February 26, 2011

    New Delhi: While corporates and political parties lobby for better deal, ordinary tax payers are the ones who often get a raw deal during the budget. ‘Axe the Tax’, a CNN-IBN campaign has been taking people’s concerns to the Finance Minister for the last four years. Powered by citizens, the...
  • Budget 2011: FMCG firms want viable taxation February 24, 2011

    Mumbai: India's fast moving consumer goods industry is hoping the upcoming budget will bring in concrete measures to tame spiralling inflation and viable tax structure to ensure continued growth. The 130-billion-rupee industry, which is the fourth largest sector in the Indian economy, has been reeling under the pressure of surging input...
  • Hinduja seeks equal taxation for overseas Indians February 20, 2011

    New Delhi: Seeking equal treatment in investment and taxation between overseas and resident Indians, diversified conglomerate Hinduja Group on Sunday said amnesty must be given to bring back black money from foreign soil to India. In a pre-budget memorandum to Finance Minister Pranab Mukherjee, Hinduja Group...
  • 'Swiss pact on black money for prospective info' August 31, 2010

    New Delhi: The government on Tuesday said the pact with Switzerland to get details on illicit wealth stashed away in Swiss banks would be applicable only for prospective information and not for incidents of the past. "The new provision will be applicable only for prospective information and not for past information,"...
  • ESOP taxation may spell gloom for employees December 31, 2009

    Employees will feel the pinch this New Year when it comes to taxes on ESOPS. Tax experts feel that it’s a move which could result in double taxation. Ashwin Mohan explains. ...
  • FICCI warns US protectionism can damage India ties June 24, 2009

    Washington: The Federation of Indian Chambers of Commerce and Industry (FICCI) has warned that contentious trade and taxation issues, if not addressed appropriately by the Obama Administration, could "damage" Indo-US ties. FICCI is also concerned that outsourcing, relaxation of export-controls on dual-use technology are other issues that can "hinder" the burgeoning...